✍️ Crypto Slang Terms #2: Your Guide to the Cryptoverse
Let's continue with part 2 of the BSCStation Crypto Slang Terms session. Today we will go through another 5 common terms.
Aggregator
Aggregators allow you to combine cryptocurrency trading data from the biggest exchanges to a single price feed in real-time.
It brings together trades across different decentralized finance platforms into a single platform.
👉 Example: 1Inch
Algorithmic Stablecoin
An algorithmic stablecoin is a type of crypto asset that relies on two types of tokens: a stablecoin and another crypto asset supporting the aforementioned stablecoin.
👉 Example: $DAI of MakerDao, $USDD of TRON DAO Reserve
Bag holder
A derogatory term to describe investors who are still holding certain assets that have dropped significantly in value since their purchase price.
👉 Example: $60k BTC holders
Bearish
When investors or traders see a bearish trend, they expect a price to decrease and would recommend selling coins/tokens.
Bear market
A market in which prices fall and negative sentiment is rife; this could lead to a drop-off in demand while buyers wait for lower prices.
👉 Example: Q4 2017 - Q4 2018
💪 As you can see, the number of slang terms related to Blockchain is humongous! However, just with a little patience and a curious heart, you will find what you need to know in the following articles of BSCStation about Crypto Slang Terms!
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